DEN DEUST: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DEN DEUST
Largest movements
- Stocks and contracts +€9,500
new in 2025: €9,500
- Cash +€2,274
up €2,274 (+62.1%), from €3,664 to €5,938
mainly Trade debts (+€11,623) and Other debts (+€9,607)
- Receivables within one year +€2,043
up €2,043 (+405%), from €504 to €2,547
- Financial fixed assets +€1,494
new in 2025: €1,494
- Tangible fixed assets +€1,333
new in 2025: €1,333
- Trade debts +€11,623
new in 2025: €11,623
- Other debts +€9,607
new in 2025: €9,607
- Profit (loss) carried forward -€4,841
down €4,841 (-133%), from -€3,627 to -€8,468
- Gross operating margin -€3,395
down €3,395 (-298%), from -€1,140 to -€4,535
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,873 | €21,262 | +€16,389 | +336% |
| Formation expenses | 20 | €674 | €450 | -€224 | -33.2% |
| Fixed assets | 21/28 | - | €2,827 | +€2,827 | |
| Tangible fixed assets | 22/27 | - | €1,333 | +€1,333 | |
| Land and buildings | 22 | - | €1,333 | +€1,333 | |
| Financial fixed assets | 28 | - | €1,494 | +€1,494 | |
| Current assets | 29/58 | €4,199 | €17,985 | +€13,786 | +328% |
| Stocks and contracts in progress | 3 | - | €9,500 | +€9,500 | |
| Stocks | 30/36 | - | €9,500 | +€9,500 | |
| Amounts receivable within one year | 40/41 | €504 | €2,547 | +€2,043 | +405% |
| Other amounts receivable | 41 | €504 | €2,547 | +€2,043 | +405% |
| Cash at bank and in hand | 54/58 | €3,664 | €5,938 | +€2,274 | +62.1% |
| Deferred charges and accrued income | 490/1 | €31 | - | -€31 | |
| Total equity and liabilities | 10/49 | €4,873 | €21,262 | +€16,389 | +336% |
| Equity | 10/15 | €4,873 | €32 | -€4,841 | -99.3% |
| Contributions | 10/11 | €8,500 | €8,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,627 | -€8,468 | -€4,841 | -133% |
| Amounts payable | 17/49 | - | €21,230 | +€21,230 | |
| Amounts payable within one year | 42/48 | - | €21,230 | +€21,230 | |
| Trade debts | 44 | - | €11,623 | +€11,623 | |
| Suppliers | 440/4 | - | €11,623 | +€11,623 | |
| Other amounts payable | 47/48 | - | €9,607 | +€9,607 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224 | €250 | +€26 | +11.6% |
| Gross operating margin | 9900 | -€1,140 | -€4,535 | -€3,395 | -298% |
| Operating profit (loss) | 9901 | -€1,364 | -€4,785 | -€3,421 | -251% |
| Financial charges | 65/66B | €27 | €56 | +€29 | +107% |
| Recurring financial charges | 65 | €27 | €56 | +€29 | +107% |
| Profit (loss) for the period before taxes | 9903 | -€1,391 | -€4,841 | -€3,450 | -248% |
| Profit (loss) for the period | 9904 | -€1,391 | -€4,841 | -€3,450 | -248% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,391 | -€4,841 | -€3,450 | -248% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.